Apply for Canada Emergency Response Benefit (CERB) with CRA
The CERB supports Canadians by providing financial support to employed and self-employed Canadians who are directly affected by COVID-19. It provides a payment of $2,000 for a 4-week period (the same as $500 a week) for up to 16 weeks. After you apply, you should get your payment in 3 business days if you signed […]
The Canada Emergency Wage Subsidy – FAQs
Minister Navdeep Bains regarding the 75% Canada Emergency Wage Subsidy, Frequently Asked Questions: Is there any cap to the Canada Emergency Wage Subsidy? The Canada Emergency Wage Subsidy would apply at a rate of 75 per cent of the first $58,700 normally earned by employees – representing a benefit of up to $847 per week. […]
Information about the Canada Emergency Business Account
Below are details about the Canada Emergency Business Account (CEBA), which was announced by the Government of Canada on March 27. It’s a $40,000 government‑guaranteed loan to help eligible businesses pay for operating expenses, payroll and other non‑deferrable expenses which are critical to sustain business continuity. Until December 31, 2020, the Canada Emergency Business Account […]
The Canada Emergency Wage Subsidy
To help businesses keep and return workers to their payroll through the challenges posed by the COVID-19 pandemic, the Prime Minister, Justin Trudeau, proposed the new Canada Emergency Wage Subsidy. This would provide a 75 per cent wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020. This wage subsidy […]
Additional Support for Canadian Businesses from the Economic Impact of COVID-19
Department of Finance Canada – The Government of Canada is making additional investments to support Canadian businesses from the economic impacts of COVID-19. These new investments provide support to financial institutions and allow them to quickly provide credit and liquidity options for a range of businesses. These measures are a part of the Government of […]
Call to action: Canadian manufacturers needed to help combat COVID-19
If you are a Canadian manufacturer or business that can assist Canada in meeting the need for medical supplies, your help is needed. If you can say yes to the following, the Government of Canada wants to hear from you. You manufacture in Canada and/or have ready access to necessary inputs through your supply chain. […]
Canada’s COVID-19 Economic Response Plan
Canada’s COVID-19 Economic Response Plan The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. Support for Businesses Avoiding layoffs Access to credit Support for farmers Supporting financial stability READ MORE > Canada Student and Canada Apprentice Loans paused for repayment to […]
Employment and Social Development Canada: Canada Student Loans
To support student and apprentice loan borrowers during the COVID-19 pandemic, the Government of Canada is putting the following measures in place from March 30 to September 30, 2020: Suspension of repayments of Canada Student Loans and Canada Apprentice Loans No payments are required on student and apprentice loans during this time Pre-authorized debits will […]
EDC: Ready to support Canadian exporters impacted by COVID-19
Export Development Canada (EDC), along with government and partners, stands ready to support you. As Canada’s international risk experts, that’s why we’re here: to offer expert advice as well as insurance and financial support, in both good times and bad. EDC’s capacity to help Canadian entrepreneurs expanded under the $65-billion federal Business Credit Availability Program […]
BDC: Support for entrepreneurs impacted by the coronavirus COVID-19
As the COVID-19 outbreak unfolds, the Business Development Bank of Canada knows these are challenging times for you and your business. BDC stands ready to support entrepreneurs like you through to a more stable period. READ MORE>